OpenAI has agreed to lease 4.5 gigawatts of computing power from Oracle in a deal worth around $30bn a year that is one of the largest cloud agreements to date for artificial intelligence. The deal marks a big expansion of OpenAI’s “Stargate” data centre project, which it launched with SoftBank in January to gain access to vast amounts of computing power to develop its powerful AI models and meet consumer demand for products such as ChatGPT. Oracle will develop multiple data centres across the US in order to satisfy the new Stargate contract, which was first reported by Bloomberg, according to people close to the plans. The roughly 4.5GW would be equivalent to about a quarter of the US’s current operational data centre capacity.
OpenAI and SoftBank have said Stargate would invest as much as $500bn to build data centres in the US and globally. The joint venture has raised about $50bn so far from its founding partners, which also include Oracle itself and Abu Dhabi sovereign fund MGX. It has not disclosed how much of that capital has been deployed. Earlier this week, database group Oracle announced it had signed a single cloud computing contract worth $30bn in annual revenue beginning in 2028, without naming the customer.

Full report : Oracle and OpenAI Sign a $30 Billion Stargate Deal for Building More AI Data Centers in the United States.